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FINRA SIE Unit 10 Exam 43 Questions with Verified Answers,100% CORRECT
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FINRA SIE Unit 10 Exam 43 Questions with Verified Answers
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FINRA SIE Unit 10 Exam 43 Questions with Verified AnswersOrganization that regulates all matters related to investment banking (securities
underwriting), trading in over the counter (OTC) market, trading in exchange-
listed securities, and the conduct of FINRA member firms and associated persons -
CORRECT ANSWER FINRA
What does FINRA stand for? - CORRECT ANSWER Financial Industry Regulatory
Authority
FINRA's purpose and objective is to ________________________ the investment
banking and securities business, ____________________ principles and practices,
promote high ______________________ of commercial honor, and encourage
the ______________________ of federal and state securities laws - CORRECT
ANSWER Promote, Standardize, Standards, Observance
FINRA's purpose & objective is to provide a medium for __________________
among its members and between its members, the government, and other
agencies - CORRECT ANSWER Communication
FINRA's purpose & objective is to __________________,
_____________________, and _____________________ rules designed to
prevent fraudulent and manipulative practices, as well as to
___________________ just and equitable principles of trade - CORRECT ANSWER
Adopt, Administer, Enforce, Promote
FINRA's purpose & objective is to promote _________________-
__________________ among members and _______________________ and
________________ grievances between the public and members and between
members - CORRECT ANSWER Self Discipline, Investigate, Resolve
, FINRA has numerous rules designed to _____________________ the
___________________ of securities markets - CORRECT ANSWER Protect,
Integrity
FINRA has numerous rules designed to protect the integrity of
___________________ ________________________ - CORRECT ANSWER
Securities Markets
Rules that establish the relationship between firms and their customers and cover
areas such as fair dealings with customers, compensation related issues,
standards for communications, and various sales practice violations - CORRECT
ANSWER Conduct Rules
Covers the enforcement of FINRA rules and details the punishment of members
who violate the Conduct Rules - CORRECT ANSWER Code of Procedure
Who investigates suspected violations of FINRA's Conduct Rules - CORRECT
ANSWER FINRA's Department of Enforcement
What does FINRA's DOE stand for? - CORRECT ANSWER FINRA Department of
Enforcement
Investigations in to possible violations of FINRA Conduct Rules normally arise out
of a __________________ ___________________ or, more frequently, a
__________________ ______________________ - CORRECT ANSWER FINRA
Auditor, Customer Complaint
FINRA does not have the power to _______________________ - CORRECT
ANSWER Arrest
Council in which Code of Procedure decisions may be appealed to - CORRECT
ANSWER National Adjudicatory Council
FINRA division in which Code of Procedure decision appeals are heard by -
CORRECT ANSWER National Adjudicatory Council
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